You can revoke your contractual declaration in writing (e.g., letter, fax, email) without giving reasons within two weeks after conclusion of the contract. The period shall commence after you have received the insurance policy, the policy provisions including the general insurance conditions, the further information in accordance with section 7 (1) and (2) of the German Insurance Contract Act (VVG) in combination with section 1 to 4 of the VVG Decree on the Duty to Inform (VVG InfoV) and this instruction, each in writing. Timely sending of the revocation statement is sufficient for complying with the revocation period.
Consequences of revocation
In case of an effective revocation, you are no longer bound to the contract. If insurance cover was provided prior to the end of the revocation period, the insurer is entitled to the part of the premium attributable to the time until the revocation is received. Any premiums paid in addition to that shall be refunded by the insurer.
You can use the following text sample for your revocation:
I hereby revoke the contract I concluded.Insurance policy number:
Name of the policyholder:
Address of the policyholder:
Signature of the policyholder (in case of written notification):
Your right of revocation is excluded if the contract has been completely fulfilled by both parties at your express request before you have exercised your right of revocation.